Rubix FX Forex Broker
Basic Information
Australia
Stoppage of Business 5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Standard Account
Pro Account
Rubix FX Broker - Complete Information Guide
1. Overview of the Broker
Rubix FX, established in 2014, is a trading name of Gleneagle Securities (Aust) Pty Ltd, a company that has been active since 2009. The broker is headquartered in Sydney, Australia, and operates as a private entity. Rubix FX primarily serves retail clients, focusing on providing professional trading services across various financial markets.
The development of Rubix FX has been marked by significant milestones. Initially founded to offer advanced trading solutions, the broker has positioned itself as a technology-driven firm, emphasizing connectivity and competitive pricing through multi-bank liquidity providers. The companys mission is to deliver a reliable trading environment that caters to both individual and institutional clients.
As a part of its operations, Rubix FX has developed strong relationships with multiple liquidity providers, ensuring that clients benefit from the best available pricing. The broker's business model encompasses retail forex trading, along with a suite of services tailored for institutional clients, including white label solutions and multi-account management (MAM) services.
2. Regulation and Compliance Information
Rubix FX is regulated by the Australian Securities and Investments Commission (ASIC), holding an Australian Financial Services License (AFSL) number 337985. This regulation is crucial as it ensures that the broker operates under strict guidelines designed to protect traders.
However, it's important to note that while ASIC oversees the operations of Rubix FX, the broker does not have a dedicated compensation scheme for investors, which is a common feature among brokers regulated in other jurisdictions like the UK or Cyprus. The lack of such a scheme means that traders should be aware of the potential risks involved in trading with Rubix FX.
Client funds are held in segregated accounts at Westpac Banking Corporation, ensuring that they are protected and separated from the broker's operational funds. This practice is part of the KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures that Rubix FX adheres to, which are essential for maintaining the integrity of the financial system.
3. Trading Products and Services
Rubix FX offers a diverse range of trading products, including over 70 currency pairs, various CFDs (Contracts for Difference), and commodities such as gold and oil. The broker's forex offerings include major pairs like EUR/USD, GBP/USD, and USD/JPY, catering to both novice and experienced traders.
In addition to forex, Rubix FX provides access to indices and commodities, allowing clients to diversify their portfolios. The broker regularly updates its product offerings, responding to market demands and client interests. While the focus is primarily on retail trading, Rubix FX also extends its services to institutional clients, offering tailored solutions and advanced trading technologies.
The broker does not currently offer cryptocurrency trading, which is a consideration for traders interested in digital assets. However, its range of available instruments is robust enough to support various trading strategies.
4. Trading Platforms and Technology
Rubix FX supports the widely recognized MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and comprehensive trading tools. MT4 provides traders with access to a variety of technical indicators, advanced charting capabilities, and automated trading through Expert Advisors (EAs).
In addition to MT4, Rubix FX offers a FIX API for advanced traders looking for direct market access and custom trading solutions. This technology allows for high-frequency trading and integration with other trading platforms, enhancing the overall trading experience.
The broker's servers are located in the Equinix NY4 data center, ensuring low latency and fast execution speeds, which are critical for traders who rely on quick market movements. Rubix FX also supports mobile trading through MT4 applications available for iOS and Android devices, allowing traders to manage their accounts on the go.
5. Account Types and Trading Conditions
Rubix FX provides several account types to suit different trading needs. The standard account requires a minimum deposit of $500, offering variable spreads starting from 1.0 pips without any commissions. For traders seeking tighter spreads, the ECN account is available with a minimum deposit of $1,000, featuring spreads from 0 pips and a commission of $3.5 per lot.
The broker allows for trading in micro lots, with a minimum trade size of 0.01 lots across all accounts. Leverage ratios of up to 1:400 are available, providing traders with the ability to amplify their trading positions, although it is important to note that higher leverage also increases the risk of significant losses.
Rubix FX does not charge overnight fees for holding positions, making it an attractive option for traders who prefer to maintain their positions over longer periods.
6. Fund Management
Rubix FX supports a variety of deposit methods, including bank wire transfers, credit cards, and electronic payment systems such as Neteller and China UnionPay. The minimum deposit requirement varies by account type, with the standard account starting at $500 and the ECN account at $1,000.
Deposits are typically processed quickly, with no fees charged on direct deposits. However, international withdrawals may incur fees, which are determined by the banks involved in the transaction. Withdrawals can be made using the same methods as deposits, and the processing time generally ranges from 24 to 48 hours.
7. Customer Support and Educational Resources
Rubix FX offers customer support through multiple channels, including telephone, email, and online chat. Support is available from Monday to Friday, catering to clients in different time zones. The broker provides assistance in both English and Chinese, which is beneficial for a diverse client base.
While Rubix FX does not offer extensive educational resources, it does provide access to market analysis, trading tools, and calculators. Traders can benefit from daily market updates and research reports to enhance their trading strategies.
8. Regional Coverage and Restrictions
Rubix FX primarily serves clients in Australia, with additional support for clients in China. However, the broker does not accept clients from certain regions, including the United States and other jurisdictions where regulatory restrictions may apply.
The broker's operational framework is designed to comply with Australian laws, ensuring that all trading activities are conducted within legal boundaries. Traders interested in opening an account with Rubix FX should verify their eligibility based on their geographic location.
In conclusion, the Rubix FX broker presents a range of trading opportunities and services tailored to meet the needs of both retail and institutional clients. With its strong regulatory framework and commitment to providing a reliable trading environment, it stands as a viable option for traders seeking to engage in the forex and CFD markets.
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Latest Reviews
Ahmad Aldebsi
India
What has happened with my account? My Fund? My account is disabled, and I cannot login to my account, my trades are disabled. All this after 1 day of opening the account with this broker.
37130
2022-12-19
zuanqianaoaokuaile
Hong Kong
I set the stop-loss at 22:21, while Rubix FX stopped it at 505. What made me more furious was that it made a Yang line cocking up at the 28 minute through manipulation. Is it ready to run away?
Exposure
2020-08-18
FX1195099519
United States
I was hesitating, and suddenly I saw so many negative reviews about this broker on WikiFX, serious withdrawal problems, high slippages, etc. This stops my trading with this broker. All I want to say is that, it is necessary to check real traders’ feedback, which will save you lots of trouble.
Positive
2023-02-13